Cramer Quick Take: Hated Market Loved by Buyers
NEW YORK (TheStreet) -- With the fourth quarter starting off on a positive note, Jim Cramer told Debra Borchardt at TheStreet.com Monday he's looking for more of the same.He said the market remains hated by the technicians and the value investors, yet it continues to power higher.
Cramer said the markets have been in the same pattern for the past six months, as the Federal Reserve pledges to keep rates low, and that will likely continue until the Fed signals that its finally done intervening.
So what of individual sectors? Cramer expects to see the bank stocks play catch-up with the rest of the rally while the consumer packaged goods stocks remain inexpensive.Technology remains tricky, said Cramer, as there aren't a lot of winners in the tech world and he's got no thesis or catalyst to take any of them higher.
Watch the full Cramer interview here.
--Written by Scott Rutt in Washington, D.C.
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